PUBL

Siemens to leave Russia due to Ukraine war, take hefty charge

Siemens to leave Russia due to Ukraine war, take hefty charge

Siemens to leave Russia after 170 years Russia makes up around 1% of total revenues Shares fall after earnings miss CEO condemns the war in Ukraine ZURICH, May 12 (Reuters) – Siemens (SIEGn.DE) will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro ($630 million) …

Siemens to leave Russia due to Ukraine war, take hefty charge Read More »

Explainer: Some patients reporting COVID rebounds after taking Pfizer pills

Explainer: Some patients reporting COVID rebounds after taking Pfizer pills

May 11 (Reuters) – More than 2.8 million courses of Pfizer Inc’s (PFE.N) COVID-19 oral antiviral treatment Paxlovid have been made available at pharmacies around the United States, with the Biden administration working to improve access to the drug. As Paxlovid has become more widely used, some patients have reported that COVID-19 symptoms recurred after …

Explainer: Some patients reporting COVID rebounds after taking Pfizer pills Read More »

Indexes fall, led by Nasdaq, as inflation data offers little relief to investors

Indexes fall, led by Nasdaq, as inflation data offers little relief to investors

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 11, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US consumer prices slow in April; inflation still high Coinbase falls on Q1 revenue slump, net loss Indexes: Dow down 0.1%, S&P down 0.6%, …

Indexes fall, led by Nasdaq, as inflation data offers little relief to investors Read More »

EXCLUSIVE Google paying more than 300 EU publishers for news, more to come

EXCLUSIVE Google paying more than 300 EU publishers for news, more to come

BRUSSELS, May 11 (Reuters) – Alphabet (GOOGL.O) unit Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries for their news and will roll out a tool to make it easier for others to sign up too, the company told Reuters. The move to be announced publicly …

EXCLUSIVE Google paying more than 300 EU publishers for news, more to come Read More »

Investors think unlikely Musk buys Twitter at agreed $44 bln price

Court says Musk recklessly tweeted that ‘funding secured’ for taking Tesla private

SAN FRANCISCO, May 10 (Reuters) – A court said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign wealth fund at that time. The decision by US District Judge Edward Chen of San Francisco is a …

Court says Musk recklessly tweeted that ‘funding secured’ for taking Tesla private Read More »

Tesla exports first cars from Shanghai since reopening plant - media

Tesla exports first cars from Shanghai since reopening plant – media

A Tesla sign is seen at its factory in Shanghai, China, May 13, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, May 11 (Reuters) – Tesla Inc (TSLA.O) on Wednesday made its first exports from China since reopening its Shanghai factory on April 19, as a shipment of 4,767 cars …

Tesla exports first cars from Shanghai since reopening plant – media Read More »

Musk says he would reverse Twitter ban on Donald Trump

Musk says he would reverse Twitter ban on Donald Trump

May 10 (Reuters) – Billionaire Elon Musk said on Tuesday he would reverse Twitter’s ban on former US President Donald Trump when he buys the social media platform, the clearest signal yet of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of electric vehicle maker Tesla Inc …

Musk says he would reverse Twitter ban on Donald Trump Read More »

S&P 500, Nasdaq end up but investors cautious before inflation data

S&P 500, Nasdaq end up but investors cautious before inflation data

All eyes on US CPI data on Wednesday Peloton falls as CEO says business “thinly capitalized” NEW YORK, May 10 (Reuters) – The S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day’s selloff as Treasury yields eased. At the same time, bank shares fell. The yield on …

S&P 500, Nasdaq end up but investors cautious before inflation data Read More »

Investors think unlikely Musk buys Twitter at agreed $44 bln price

Investors think unlikely Musk buys Twitter at agreed $44 bln price

May 10 (Reuters) – The stock market took the view for the first time on Tuesday that it was unlikely that Elon Musk will acquire Twitter Inc (TWTR.N) for $44 billion, as he originally agreed. The implied probability of the deal closing at that price fell below 50% when Twitter shares hit $46.75, based on …

Investors think unlikely Musk buys Twitter at agreed $44 bln price Read More »

EXCLUSIVE Tesla halts production at Shanghai plant due to supply issues - sources

EXCLUSIVE Tesla halts production at Shanghai plant due to supply issues – sources

Tesla China-made Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, May 10 (Reuters) – Tesla Inc (TSLA.O) halted production at its Shanghai plant on Monday due to issues with securing parts for …

EXCLUSIVE Tesla halts production at Shanghai plant due to supply issues – sources Read More »